Microsoft to offer cheap Xbox 360 game development kit? -- Posted by XanTium on March 21 18:50 EST
From CNet news.com:

Since last spring when the Xbox 360 was first announced, one of the biggest concerns was that it would be too expensive for most game developers to create games for the next-generation console.

But at the Game Developers Conference here today, the rumor is that Microsoft plans on announcing tomorrow a developers kit that would make it possible for anyone to build games for the console, or for PCs, and that the kit will cost only about $100.
It's hard to know exactly what such a development kit would mean for the larger body of Xbox games, but one thing seems clear: there would be a lot more games on the horizon, something that would no doubt annoy Sony as it ramps up for the launch of the PlayStation 3 sometime late this year or early next year, presumably not with such a cheap developers kit available.

Microsoft did not respond to multiple requests for comment.

Read More: news.com
Could this be related with the news we brought you back in December 2005: Developing for Xbox 360 Not Limited to Licensed Publishers?